Elections: Montenegro to discuss Fluminense SAF offer terms

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·4 novembre 2025

Elections: Montenegro to discuss Fluminense SAF offer terms

Fluminense's presidential candidate, Mattheus Montenegro, commented during his participation in the Charla Podcast, this Tuesday (4), that he intends to discuss possible adjustments to the proposal for the Sociedade Anônima do Futebol (SAF). The current vice-president of the club, he believes that the offer from Lazuli Partners together with LZ Sports presents points that can be improved.

In Montenegro's view, the initial investment amount should be higher. The proposal foresees an injection of R$ 500 million, funded by a pool of about 40 tricolor investors.

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I think there are points that need to be improved. We will discuss directly with the bank and the investors. One of the issues is the initial investment, which, in my opinion, we need to work on increasing,” he stated.

Additionally, the candidate also advocates for adjustments in how investment targets are enforced on SAF investors. Currently, the penalty mechanism provided is the suspension of dividends in case of non-compliance. The presidential candidate believes that other sanctions should be considered to ensure the plan's execution.

Currently, the penalty is the investor not receiving dividends. It is relevant, but we can think of other penalties besides this one,” he added.

He also called for greater clarity in the public explanation of the numbers. The estimate of R$ 6.4 billion over a decade does not represent a fixed annual application in football, as the amounts would be staggered and increase year by year.

The Fluminense presidential election is scheduled to take place on November 29, determining the club's leadership for the 2026–2028 triennium.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.